YouTube Goes Crypto: PYUSD Stablecoin Payout Option Now Live For US Creators
YouTube has quietly added a new payout option that lets creators in the US receive earnings in PayPal’s dollar-pegged token, PYUSD. According to several reports, the change appears to be active now and is being offered through PayPal’s payout rails rather than through any direct crypto custody by YouTube. Related Reading: UAE Telecom Powerhouse Embraces […]
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In a groundbreaking move that signals a convergence of traditional finance and the burgeoning crypto economy, Coinbase announced its intention to list PayPal’s stablecoin, PYUSD. This comes on the heels of Kraken’s recent addition of PYUSD trading options, marking a significant stride in the stablecoin’s mainstream adoption. “Coinbase Assets” took to Twitter to confirm the […]
PayPal’s stablecoin PYUSD is now available on nine more blockchains, thanks to integration with LayerZero’s interoperability protocol. PayPal’s Stablecoin Now On Tron, Avalanche, & Seven Other Networks As announced by LayerZero in a blog post, PayPal USD (PYUSD) is getting a major expansion through integration with its Stargate Hydra system, allowing users to move the stablecoin […]
Paypal’s Ethereum-based stablecoin PYUSD has failed to capture crypto investors’ interest. According to data from Nansen, 90% of the stablecoin’s total supply still remains with its issuer Paxos’ wallet. Paypal’s PYUSD Adoption Setback The payment giant Paypal’s recently launched stablecoin PYUSD continues to struggle with adoption and has failed to gain traction since its official launch on August 7, 2023. Despite PayPal having over 350 million users worldwide, on-chain data from Nansen has shown that only a small percentage of its user base is....
PayPal is launching a permissionless version of its $PYUSD stablecoin across Tron, Avalanche, and seven other blockchains. All will be achieved through Stargate, a bridge service that connects over 80 blockchains. LayerZero, which acquired Stargate last month, used its Hydra model to expand $PYUSD to these nine networks. With crypto adoption accelerating, now signals a […]
In an unexpected and almost surreal incident, Paxos, the issuer behind PayPal’s PYUSD stablecoin, mistakenly minted 300 trillion PYUSD — yes, with a “T” — earlier today after adding six extra zeros to the intended transaction. The blunder was swiftly corrected as Paxos burned the excess tokens and reissued the correct amount of 300 million PYUSD, but not before the crypto community noticed the jaw-dropping figure. Related Reading: Bitcoin Whale Closes $197M Short, But The Game Might Not Be Over To put the scale of the mistake into perspective, 300 trillion PYUSD would have exceeded the....